This framework details how the New South Wales government – working in partnership with the private sector, research institutions and other levels of government – will support the growth of priority industries.

The framework targets the industries and technologies most likely to deliver public benefits.

The framework sets out 3 key principles for developing industry strategies and cross-cutting technology programs:

1. Transparent governance: Clear policy objectives, evidence of market failure, accountability, and effective administration to design and implement policy (including use of cost benefit analysis).
2. Policy alignment: Alignment with other NSW Government policies and related Australian Government policies to avoid unintended consequences or duplication.
3. Evaluation: Clear mechanisms to detect and correct problems with the design or implementation of industry policy and refine as circumstances change.